Jan 30, 2013 4:30pm PST
. earnings were down considerably from last year thanks to a tax settlement a year ago. but the results were well above wall street estimates, thanks to a double digit jump in revenues. driving that growth was an increase in deliveries of commercial planes. the 737 remains the driver, with 105 planes delivered. the 777 also helped, as did the 23 dreamliners handed to customers last quarter, but those planes can't fly right now. u.s. and japanese regulators have grounded the 787 due to concerns about its lithium batteries overheating and catching fire. today boeing management said it is making good progress in finding the cause. peter arment is the aerospace analyst at investment firm sterne agee. >> tom: boeing still plans to ramp up production of that dreamliner, triple the number it dlivers and takes payment f. how confident are you it can stick with that? >> we're very confident. i mean, yes, there is no question there is headline risk with the 787. i think that there is concerns about what the ultimate solution will be, or root cause. but everything we have seen, it is a battery defect.
Jan 30, 2013 5:30pm PST
are still voting with their dollars that things are going to get better. now that taxes are increased, we've got to see how they're reacting to that, but up until this point, almost everything pointed to stronger consumer spending and that i take as a posive sgn. >> brown: what about just filling in a little bit more on the housing sector because those numbers came out yesterday, they look good, they were interpreted as very positive. but i note that even robert shiller himself sort of suggested that he can't read all that much into them. how important is that sector? >> well, to me i think housing is critically important, not simply because of whole construction which obviously powers an awful lot of jobs but when you consider all the people who have been underwater for so long and they have this negative wealth effect, we talked about the facthat 401(k)s are going up. if they see house prices going up they feel an awful lot better as well. so i think this strength in the housing prices are really the most important factor out there and it's spread really across the country. not quite as